SBI Cards and Payment Services Limited has informed the Exchange regarding Board meeting held on July 14, 2025.
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SBI Cards held a board meeting on July 14, 2025, with two key decisions. First, the board approved the appointment of Mr. Krishna Kant Bishnoi as the new Chief Risk Officer (CRO), effective July 14, 2025, replacing Mr. Shantanu Srivastava who resigned from the role on July 9, 2025. Mr. Bishnoi is a Deputy General Manager at parent State Bank of India (SBI) with 31 years of banking experience across credit risk, treasury, and international banking, and holds the FRM certification from GARP. Second, the board appointed M/s Agarwal S. & Associates, Company Secretaries, as Secretarial Auditors for a five-year term covering FY 2025-26 to FY 2029-30, subject to shareholder approval.
This is a routine leadership transition with no negative implications. Filling the CRO vacancy quickly with a seasoned SBI insider (31 years of experience) signals strong governance continuity and risk oversight stability for shareholders.